109% Increase in Student Loan Defaults

  • Written by Stephanie Eidelman of insideARM

student loanLast Friday we learned that U.S. Court of Federal Claims Judge Thomas C. Wheeler granted the Department of Education's (ED) motion to dismiss the case of FMS v. USA as moot. ED claimed the case was moot because it cancelled the Solicitation for unrestricted private debt collection services that were the subject of the protests.

As justification for the cancellation, the Government offered two key points:

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